Mutual funds is an better alternative for fixed deposit in longer term. Here we have another benefit from mutual funds for better returns, Mutual funds with debit cards. It provides two advantages one is short term investment which would give better return than saving account. The next is ATM cum Debit card to withdraw invested money for spending. Liquid mutual ...
Compound interest or compounding means the interest earned added to basic principal, the interest that keeps getting added to it. It essentially means reinvesting the earnings you get from your initial invested amount instead of withdrawing the interest immediately. let’s say, you have invested Rs. 10000. Suppose you’re getting 12% interest for a year. If you invest on January 1, ...
Indian investors gives more preference to LIC or ULIP insurance plans. They think it is safe and government handles their money. But it is not efficient way of securing your family expenses and risk cover. There is better alternative to insurance plans or ULIP linked insurance plans. Smart alternative is Term insurance + Tax saving Mutual funds. Plan your risk ...
Earlier LTCG tax was zero on equity schemes(Equity mutual funds and shares). In 2018 budget, Indian finance minister announced Long Term Capital Gain(LTCG) Tax. Long term capital gains exceeding Rs 1 lakh at the rate of 10 per cent without allowing the benefit of any indexation. The expectation in 2020 Budget is that revert the LTCG tax for mutual fund ...